v3.26.1
Investment in Real Estate (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Investment in Real Estate
The following table summarizes the Company’s investment in real estate, at cost as of:
June 30, 2026December 31, 2025
Land$1,106,560 $1,116,786 
Building and improvements5,951,441 5,912,087 
Tenant improvements709,946 694,713 
Furniture and fixtures5,257 5,210 
Property under development13,060 64,503 
INVESTMENT IN REAL ESTATE, AT COST$7,786,264 $7,793,299 
Schedule of Dispositions of Real Estate
The following table summarizes information on dispositions completed during the six months ended June 30, 2025. These properties were considered non-strategic to the Company’s portfolio:
PropertySegmentDate of DispositionSquare Feet (unaudited)
Sales Price(1) (in millions)
(Loss) Gain on Sale(2) (in millions)
MaxwellOffice1/22/2025102,963 $46.0 $(2.2)
Foothill Research CenterOffice3/4/2025195,121 $23.0 $12.2 
625 SecondOffice5/30/2025138,354 $28.0 $— 
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1.Represents gross sales price before certain credits, prorations and closing costs.
2.Included within (loss) gain on sale of real estate, net on the Consolidated Statements of Operations.
Schedule of Held for Sale The following table summarizes the components of the assets and liabilities associated with the real estate held for sale as of June 30, 2026:
ASSETS
Investment in real estate, net$21,858 
Accounts receivables and straight-line rent receivables, net598 
Deferred leasing costs and intangible assets, net412 
Prepaid expenses and other assets, net35 
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE$22,903 
LIABILITIES
Accounts payable, accrued liabilities and other$822 
Security deposits and prepaid rent620 
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE$1,442